FY2024 Earnings Forecast for goeasy Issued By Scotiabank

goeasy Ltd. (TSE:GSY - Free Report) - Equities researchers at Scotiabank cut their FY2024 earnings per share (EPS) estimates for goeasy in a report issued on Wednesday, January 8th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings per share of $16.41 for the year, down from their previous forecast of $17.38. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. Scotiabank also issued estimates for goeasy's FY2025 earnings at $19.08 EPS and FY2026 earnings at $21.52 EPS.

Other research analysts also recently issued research reports about the stock. Desjardins lowered their price objective on shares of goeasy from C$215.00 to C$210.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. National Bankshares increased their price target on goeasy from C$235.00 to C$240.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price objective on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, goeasy has an average rating of "Moderate Buy" and an average price target of C$219.89.

goeasy Price Performance

GSY opened at C$170.01 on Monday. The company's 50-day simple moving average is C$169.78 and its two-hundred day simple moving average is C$180.01. goeasy has a 52-week low of C$150.06 and a 52-week high of C$206.02. The stock has a market capitalization of C$2.86 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97.

Insider Transactions at goeasy

In related news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total value of C$316,051.56. Also, Senior Officer Patrick Ryan Doris Ens purchased 3,050 shares of the firm's stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of C$172.62 per share, for a total transaction of C$526,491.00. Corporate insiders own 22.05% of the company's stock.

goeasy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were given a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, December 27th. goeasy's payout ratio is 30.45%.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.